Burning costs are not mandated risk rates, clarifies IRDAI
December 21 2022 by InsuranceAsia News Staff
MORE FROM: Renewals
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April 1 renewals point to signs of reinsurance market peaking
- April 9
The orderly 1.4 renewals saw a revival in property cat appetite, and modest reductions in rates and easing of conditions, though retentions remain high and per risk and US casualty continue to be hard to place.
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APAC markets see stable renewals on ample capacity, reinsurer appetite: brokers
- April 3
The supply-demand dynamics have shifted in favour of reinsurance buyers in the April renewals, leading to better pricing and easing of market conditions across Japan, India, Korea, the Philippines and China.
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April 1 renewals see ‘dramatic shift’ in favour of cedents: Aon
- April 1
Japan property cat rates were flat to slightly reducing, while South Korea, China and India also saw increased competition for catastrophe business.
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1.4: South Korean cedents to see single-digit rating increases
- March 28
While the market has yet to fully recover from the past years’ big industrial and cat losses, reinsurers are comfortable with where the rates, terms and conditions are now.
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